This month’s average figure represents a growth of 4,073% compared to the previous data. Likewise, the daily rate has exceeded 4.2%, marking a new high since 2008.
The annual Euribor, the indicator most used in Spain to calculate the terms of variable mortgages, rose again in September and reached an average rate of 4.149%after falling for the first time in just over a year and a half in August.
Pending confirmation of the data by the Bank of Spain in the coming days, the average Euribor rate has reached 4.149% in September. higher than 4.073% in August.
During the month of September, the Euribor exceeded 4.2% in the daily rate (4.228% today on Friday%), which amounts to new highs since 2008.
The Euribor is rising again after the European Central Bank (ECB) decided on September 14 increase the interest rate by another 25 basis pointsup to 4.5%.
In recent days, ECB President Christine Lagarde has assured that interest rates in the eurozone will remain at levels “restrictive enough “as long as it takes” for inflation to fall toward inflation 2% target.
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
